Though housing indicators remained positive last week, there are some signs that the housing market is weakening and confidence is fading in the sector.

The National Association of Home Builders (NAHB), for instance, released its Housing Market Index (HMI) last week for October. Though the component index measuring current sales rose to its highest level all year - up one point to 68 - the index gauging expectations for the next six months went down to 67 from a remarkably strong 72 in September, while the index indicating traffic of prospective buyers dropped four points to 46.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.